Ref soyoil dropped on profit booking after prices rose on reports that the government may increase import duty on soyoil by 10% to support prices.
As per the data from SEA, soyoil imports during the March dropped 49.9% to 115,102 tons compared to 229,853 tons in the same period a year ago.
Stocks of edible oil in ports and pipeline are estimated at 2.11 mt as on Apr 1 compared to 1.91 mt a year ago while lower than 2.197 mt in Feb, data showed.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 762.3 Rupees per 10 kgs.
Subscribe now for best MCX Tips and NCDEX Tips
For quick free trial click here > 911 133 9000
As per the data from SEA, soyoil imports during the March dropped 49.9% to 115,102 tons compared to 229,853 tons in the same period a year ago.
Stocks of edible oil in ports and pipeline are estimated at 2.11 mt as on Apr 1 compared to 1.91 mt a year ago while lower than 2.197 mt in Feb, data showed.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 762.3 Rupees per 10 kgs.
Subscribe now for best MCX Tips and NCDEX Tips
For quick free trial click here > 911 133 9000
No comments:
Post a Comment